At meeting held on 06 December 2019The Board of Bank of India has considered and approved the following by circular resolution on 06 December 2019 -
1. The issuance of upto 125 crore fresh equity shares through Qualified Institutions Placement , public issue, rights issue, private placement, or such other mode of issue as permitted at an appropriate time;
2. The issuance of such securities (including Tier I, Tier II bonds, preference shares) which may be classified for Tier I and/or Tier II capital on a private placement / public issue basis, in one or more tranches upto an amount of Rs 10,000 crore at an appropriate time;
3. To obtain shareholders' approval through postal ballot for the above-mentioned matters.
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